The median sale price for homes in February was $194,950. The median sales price for homes in February fell by ($14,950) compared to last month. This represents a 7.12% decrease from January. Compared to the same month last year, the median price of homes rose by $17,550 representing a 9.89% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

The inventory of homes for sale fell by 6 in February to 72. This represents 7.69% decrease from January when 78 homes were on the market. Compared to the same month last year when there were 89 homes for sale, the inventory of homes for sale has fallen by 17 representing a -19.1% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The 32 homes sold in February was 7 less than in January. This represents a 17.94% decrease in sales from January. Compared to the same month last year, the number of homes sold decreased by 4, a -11.11% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

The Sale/List Price Ratio of 97.99% in February rose by 0.94% compared to January and increased 1.95% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

The number of homes listed in February (46) rose by 23 compared to January, a 100% change. Compared to February 2017, the number of new listings decreased by 5, a -9.8% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

The median list price in February was $204,900. The median list price for homes in February fell by ($70,000) compared to last month. This represents a 25.46% decrease from January. Compared to the same month last year, the median list price of homes decreased ($15,000) representing a -6.82% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.

IMPORTANT! PLEASE READ CAREFULLYTHE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Sold listing data is not available from all Multiple Listing Services.